Tag: Financial Reporting Council
Watchdog highlights companies’ lack of progress on C-suite succession planning
The UK financial regulator wants to see greater cohesion between succession planning, diversity commitment and board evaluations.
News round-up: this week in governance
Shell to shift its HQ; audit reforms continue to cause controversy; Korea introduces gender quota; and stock exchanges make net zero pledges.
Good governance relies on gut instinct, not just rules
The DNA of companies varies significantly. This would suggest that there are many criteria of good governance.
News round-up: this week in governance
Breaking things vs fixing things; BlackRock and proxy voting; THG governance changes; warning over “tricky” TCFD scenarios.
FRC warns over climate disclosures ahead of COP26 summit
Regulator’s annual review of corporate reporting says it will be “closely revising how companies report against the new TCFD requirements”.
FRC chief’s comments spark debate over audit market cap
Discussions about the merits of an audit market share cap have intensified after remarks made by Sir Jon Thompson last week.
Campaigners urge FRC to name and shame failing audits
Transparency groups including Greenpeace UK say failing to disclose the audits involved “risks creating a general lack of confidence in all audit opinions”.
FRC says climate disclosures are ‘failing to meet investor expectations’
Review by the UK regulator finds there is “little evidence” that business models and strategy are being influenced by climate considerations.
FRC calls on companies to provide more detailed climate disclosures
The UK reporting watchdog says many disclosures do not include information on how energy use and emissions are calculated.
FRC report calls for more diversity on nominations committees
Nominations committees must be more diverse themselves if they are to boost diversity in their organisations, says a report for the Financial Reporting Council.